Belize is in Central America, bordering the Caribbean Sea, between Guatemala and Mexico. The climate is tropical and very hot and humid in summer. The official language is English. Spanish and Belizean Creole predominate as first languages. Garifuna, Plautdietsch and several Mayan languages are also spoken by a minority of the population. The main religion is Christianity. The economy of Belize is small and essentially private enterprise economy that is based primarily on agriculture, agro-based industry, and merchandising, with tourism and construction recently assuming greater importance. Belizean people mostly have conservative values. Expatriates should avoid public displays of affection. Business clothing is conservative and men and women should wear a lightweight suit or equivalent. The security risk for expatriates in Belize is low, but medium for Belize City and Belmopan. Risks include muggings and robberies as well as violent crime including homicide. The currency of Belize is the Belize Dollar (BZD). US dollars are also accepted as currency. ATMs are widely available in large towns. Medical facilities are limited. Serious or complex medical treatment may require evacuation which can be expensive. Cases of Chikungunya virus have been reported. The population of Belize is 387,900 (2019 est.), while the inflation rate (CPI) is 0.3% for Belize as at March 2019. Xpatulator Hypothetical Tax for Belize is based on the current personal income tax rate which is a flat rate of 25% for those earning above BZD$26,000 per year. Those employed and residing in Belize with total income per annum from all sources of less than BZD$26,000 are exempt from Income Tax.
Cost Of Living
The cost of living for expatriates / professional migrants in In Belize, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Belize as at 1 April 2019 is average in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: High 2) Clothing: High 3) Communication: High 4) Education: Low 5) Furniture & Appliances: Very High 6) Groceries: Average 7) Healthcare: Average 8) Household Accommodation: Low 9) Miscellaneous: Average 10) Personal Care: Very High 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Low Belize is for example -6.4% cheaper than USA for groceries, -20.4% cheaper for household costs than UK, and 65.1% more expensive for transport costs than India. The hardship premium for Belize for an expat from Australia, is for example 20%, i.e. host location (Belize) premium of 30% minus home (Australia) location premium of 10%. Belize is ranked as a high degree of hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Belize? Register subscribe to your home location and Belize and run your personalised reports.